AP Macro Uni 5 Exam
Quiz by Mark Stegall
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Measure skills
from any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
With a free account, teachers can
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
20 questions
Show answers
- Q1All of the following are true regarding international trade exceptCountries experience a grade deficit when imports are greater than exportsExports are considered a debit in the country's balance of tradeNet exports will increase when that county's currency depreciatesthe balance of payment is a summary of a country's transactions with other countries30s
- Q2Which of the following would definitely move a country toward a current account deficit?A larger capital account deficitAn increase in exportsAn increase in capital outflowAn increase in imports30s
- Q3Which of the following is the best example of foreign direct investment?A busineess in the United States selling machinery to a company in Japanthe Chinese government buying United States treasury bondsA United States citizen buying Mexican pesos.A Japanese software company buying a factory in the United States30s
- Q4The value of a country's currency relative to another county's currency is calledthe exchange ratepurchasing-power parodycapital flowappreciation30s
- Q5If there is a large increase in the number of Europeans traveling to the United States while US citizens' travel to Europe remains unchanged, which of the following is true.The dollar will appreciate because the demand of dollars will decreasethe euro will depreciate because the supply of euros will increaseThe dollar will appreciate because the supply of dollars will increasethe euro will appreciate because the demand for euros will increase30s
- Q6Assume the inflation rate in Mexico is significantly higher than its trading partners. Which of the following will occur to the demand, supply, and international value of the Mexican Peso?DCAB30s
- Q7Assume the real interest rate in country X increases relative to other countries. What will happen to the value of the currency and net exports in country X?CBDA30s
- Q8All of the following are counted in a nation's current account except$1,000 sent to Russia from a Russian working in the US$1 million donated in first aid supplies to IndonesiaA $50,000 car imported from ItalyA $50 million Chinese factory purchased by a Canadian30s
- Q9Which of the following would decrease the U.S. financial account?A ski chateau purchased in Switzerland by an American entrepreneurThe purchase of $1000 of US Treasury bonds by a Chinese investorThe purchase of a foreign car by an American diplomat living in Costa RicaAn American earns $1000 in the Japanese stock market30s
- Q10Which of the following are included in a nation's balance of payments accounts?I and III onlyI and II onlyII and III onlyI, II, and III only30s
- Q11Which of the following is true regarding international tradeA deficit in the current account is offset by a surplus in the financial accountA country that exports more than it imports has a trade deficitA country that exports more than it imports will have a financial account surplusA country with a trade deficit will have a current account surplus30s
- Q12An increase in Korea’s demand for U.S. goods would cause the US dollar toDepreciate because the U.S. would be selling more dollars to KoreaAppreciate because Korea would be selling more U.S. dollarsAppreciate because Korea would be buying more U.S. dollarsDepreciate because of inflation30s
- Q13If the demand for the British Pound increases relative to the U.S. dollar, then theBritish pound will depreciateUS dollar would appreciateSupply of US dollars would decreaseBritish pound would appreciate30s
- Q14Suppose incomes fall in the United States, but not in Japan. Which of the following will occur?The US dollar will depreciate and the Japanese Yen will appreciateUS imports from Japan will increaseThe US dollar will appreciate and the Japanese Yen will appreciateThe US dollar will appreciate and the Japanese Yen will depreciate30s
- Q15Suppose price level increases more in the United States than it does in Indonesia. What is the short-run impact on U.S. net exports, the value of the U.S. dollar, and the value of the Indonesian rupee?CDAB30s
